Problem 24-1A U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono $176,000 Project Edge Project Claytorn $212,000 $192,500 Capital investment Annual net income: Year 1 15,400 15,400 15,400 15,400 15,400 $77,000 19,800 18,700 17,600 13,200 9,900 $79,200 29,700 25,300 23,100 14,300 13,200 $105,600 2 4 5 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15% (Assume that cash flows occur evenly throughout the year.) Click here to view PV table Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.5o.) Project Bono Project Edge Project Clayton years years years